ST Alpha - "Tax Stuff: Previously my royalties for novels was being posted under Rental, royalty, partnership, S corp, trust. This year, TaxAct wants to call it.." (Reading a Post)

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Tax Stuff: Previously my royalties for novels was being posted under Rental, royalty, partnership, S corp, trust. This year, TaxAct wants to call it..

Posted by Qale (aka Qale) Feb 2 '16, 07:02

a business.

Make up your mind tax software that I don't really actually understand?!?!

Am I legit or not?

(Spoiler: I'm probably not since I haven't published anything since April 26th, 2011)

Responses:

Were you paying self-employment tax on it before? Putting it on the Schedule C will have SE tax calculated. - spamlet Feb 2, 07:16 1
- Schedule E previously, moved to C-EZ this year. The amount is so little it's likely unimportant. - Qale Feb 2, 07:30

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Tax Stuff: Previously my royalties for novels was being posted under Rental, royalty, partnership, S corp, trust. This year, TaxAct wants to call it..

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